Stocks Mixed Ahead of US Midterms; Dollar Rises: Markets Wrap

Apple Inc. suppliers in Asia declined on a report the iPhone maker wouldn't boost some production. The dollar fell for a second day.

The S&P 500 Index rose 0.4 percent as of 10:26 a.m. For the full year, tech indexes are still faring better.

For this week, the main concern in global markets will continue to remain politics and central banks.

Caution prevailed in financial markets Tuesday, with few standout moves as investors braced for any fallout from the American midterm elections, particularly congressional races seen as a referendum on the policies of President Donald Trump.

Investors are also on the lookout for any updates on trade talks after the economic advisor Larry Kudlow stated last week that a quick resolution between the United States and China may not be a possibility. Up ahead is the Federal Reserve policy meeting Thursday, when officials are expected to keep the benchmark rate unchanged but give clues for moves into 2019. "There's not a great deal of value anywhere in the market, and that's why were seeing increased volatility".

Elsewhere, crude climbed as sanctions on Iran oil snapped back into place Monday. The euro recovered from disappointing manufacturing data to gain, while the pound strengthened despite no apparent progress on Brexit negotiations.

"It is worth noting that such a sharp month of (equity) outflows - a rare occurrence - tends to be a buying opportunity", the Institute of International Finance (IIF) said in a note, referring to emerging markets in the October exodus.

Futures on the Dow, S&P 500 and Nasdaq swung from a loss to a gain and back, while advances in telecom and healthcare companies helped the Stoxx Europe 600 Index stay in the green in relatively thin trading.

Hong Kong's Hang Seng Index fell 1.7 per cent while the Shanghai Composite Index was down 0.2 per cent. NY time; the Nasdaq Composite added 0.8 percent.The Stoxx Europe 600 Index dipped 0.2 percent.The MSCI Emerging Market Index rose 0.2 percent. The index measuring the greenback's strength against a basket of six major currencies was down 0.7 percent at 96.437. And the price of gold also slipped by 0.1% to trade at $1,231.52 per ounce.

The price of copper went down by 1.5% to trade at $2.7645 per pound.

The Japanese yen was little changed at 113.2 per dollar.

The British pound jumped 0.6 percent to $1.3041.

The MSCI Emerging Markets Currency Index sank 0.1 percent.

In the bonds market, the yield on the 10-year Treasury in the USA dropped to 3.19%, Germany's 10-year Treasury yields remained nearly the same at 0.42% and the UK's 10-year yield went up to 1.5%.

Germany's 10-year yield was little changed at 0.42 percent.

The Bloomberg Commodity Index rose 0.4 percent to the highest in a week.

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